Segregation of incompatible duties: (a) Is a guarantee that fraud cannot occur. (b) Is the same as

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Segregation of incompatible duties:

(a) Is a guarantee that fraud cannot occur.

(b) Is the same as performance review by a supervisor.

(c) Usually increases the risk of fraud unless a supervisor is subject to a performance review.

(d) Occurs when different people authorise transactions, record transactions and maintain custody of assets.

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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